Adviser firm Multicorp Rose declared failed by FSCS

Received 100 complaints

Sophie King
clock • 1 min read

Advice business Multicorp Rose has been declared as failed by the Financial Services Compensation (FSCS) scheme.

The FSCS website stated that Multicorp Rose has "failed, or is in special administration". The firm was appointed a liquidator on 24 July last year, then entered voluntary liquidation on 6 August a couple of weeks later before submitting a declaration of solvency on 21 August 2019.  Professional Adviser understands the firm is due to be dissolved on 14 September 2020 and the FSCS has received around 100 claims for compensation against it and that those claims are underway. The majority of those complaints involved unsuitable pension transfer advice.  Two decisions listed on the Financ...

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